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Foreign investment in U.S. real estate is quite significant with investors being drawn because of the market’s stability, robust and reliable legal protections, and the potential for capital growth. U.S. real estate is a core wealth-building strategy for nonresident alien individuals (those who are not U.S. citizens and are not…
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The Senate’s version of President Trump’s favored massive tax and spending bill had looked to add something to the tax code’s Earned Income Tax Credit. The EITC has been a broadly popular measure for the past 50 years as a mechanism that helps low-income workers. There are admitted problems with the program that can lead to a high percentage of incorrect filings. The Senate wanted to require pre-certification by the IRS each year. However, critics point to some issues this would create. What The EITC Is Taxes on low incomes, even if a relatively low percentage, can feel devastating because…
July 4th is just around the corner. For most Americans, it traditionally involves flags, parades, fireworks, and if you’re lucky, some really great corn on the cob. But Republican members of Congress are hoping that it will include some additional pomp and circumstance as President Trump signs the “One Big Beautiful Bill Act” (OBBBA) into law. The President has made no secret of his desire to sign the bill on that day. There is, however, quite a bit standing in the way of making that happen–there is still a lot of work to do. The Senate has not yet passed…
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